
********************************************************************************
**#	TABLE IA-6: Big 3 Asset Managers and Shareholder Engagement
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*Set file path
capture cd "C:\Users\austin.starkweather\Dropbox\Research\CD&A Disclosure\Analysis"
capture cd "C:\Users\joshw\Dropbox\CD&A Disclosure\Analysis"
use "Data\Temp\cda_n426_final.dta", clear

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*Panel A: Pre-treatment Big3 own
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*Univariate (Col 1-4)
ttest io_pct0, by(iss_treat)
ttest io_big3_pre, by(iss_treat)

*Regression discontinuity (Col 5-6)
rdrobust io_pct0 sop_for_iss, h(0.025 0.025) c(0.7) p(1) q(2) all
rdrobust io_big3_pre sop_for_iss, h(0.025 0.025) c(0.7) p(1) q(2) all

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*Panel B
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est clear
local controls size_w mtb_w roa_w lev_w abn_ret_1yr ln_analyst io_big3_pre issrecno td_cboard_hc comp_committee_tenure_ave dualclass dirvote_for_iss
eststo: xi: reghdfe shareldr_d_p1 			 iss_treat `controls', absorb(fyear sic1)
eststo: xi: ppmlhdfe shareldr_count_p1       iss_treat `controls', absorb(fyear sic1)
eststo: xi: reghdfe engage_ref_sop_p1        iss_treat `controls', absorb(fyear sic1)
eststo: xi: reghdfe engage_table_p1          iss_treat `controls', absorb(fyear sic1)
eststo: xi: reghdfe engage_contacted_pct0_p1 iss_treat `controls', absorb(fyear sic1) 
eststo: xi: reghdfe engage_spoken_pct0_p1    iss_treat `controls', absorb(fyear sic1)
esttab using "Output\Final\TIA6B_engage_big3.csv", b(3) ar2 pr2 title("Regressions of shareholder engagement control for Big 3") varwidth(25) order(iss_treat io_big3_pre size_w mtb_w roa_w lev_w abn_ret_1yr issrecno ln_analyst td_cboard_hc dualclass comp_committee_tenure_ave dirvote_for_iss) star(* 0.10 ** 0.05  *** 0.01 ) replace
